“ALL YOUR BANK ARE BELONG TO US” says Colonel Klink

I’m still trying to get my head around what the hell is going on, but best I can tell is that Colonel Klink, social climber that he is, has somehow lifted himself from an obscure commandant of Stalag-13 to the very highest levels of the American military industrial complex.

Seriously though, I’ve spent a good chunk of the last two days trying to get a better handle on what’s really happening. As someone who, until just about a week ago, knew virtually nothing of American or international finance, I’m the first to admit that I have no idea what I’m talking about. That said, here’s my take on it all; oddly enough much of which can best be summarized via this tiff between Naomi Klein and Andrew Sullivan:

I think they both might just be right. Certainly an administration that relies on shock doctrine to achieve it’s goals could leverage a generation of Americans raised on the concept of credit as money — after all, “Life takes Visa” doesn’t it? — to engineer a self-imposed financial disaster.

What if the current administration colluded with the likes of Goldman Sachs to setup mortgage packages that were difficult to trace and, more importantly, doomed to fail.

What if these mortgages were promoted as part of an ownership society, a get-rich concept sold to an American public that grew up on credit and believing in the words of Gordon Gekko: that somehow greed “will save that malfunctioning corporation called the USA.”

In other words, what if the current administration set out with the intent of producing a — this — disastrous event as a means of furthering an agenda?